1. false. The cross price elasticity is positive. Pork and beef are substitutes.The increase in income will go to pork.2. true. The elasticity is unit or =1 where the revenue is maximized.3.false. Total output will still increase with diminishing rate.

1. false. The cross price elasticity is positive. Pork and beef are substitutes.The increase in income will go to pork.2. true. The elasticity is unit or =1 where the revenue is maximized.3.false. Total output will still increase with diminishing rate.